great read! ECONOMIC: TOWARDS THE MODERNIZATION OF THE CENTRAL BANK OF IRAQ
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great read! ECONOMIC: TOWARDS THE MODERNIZATION OF THE CENTRAL BANK OF IRAQ
topdog Mon Jan 18, 2010 10:53 pm
Monday, January 18, 2010
ECONOMIC: TOWARDS THE MODERNIZATION OF THE CENTRAL BANK OF IRAQ
Expect an expert in the Iraqi Central Bank get a positive effect for the foreseeable future in the monetary policy of the bank, to combat inflation by raising the Iraqi dinar exchange rate by using monetary tools available, and up to contain inflation pressures generated by the total expenditure
The Director-General of the Center for Statistics and Research in the Iraqi Central Bank, the appearance of Mohammed Saleh, the Bank seeks in the context of reforms to establish an infrastructure of central banking in Iraq, is more modern and appropriate for future developments in the Iraqi banking climate, by strengthening the payment systems that link the bank Central banks operating through an automated system, adding that this mechanism works to enable the central bank from lending banks a day, when exposed to some of the problems of liquidity, as well as reduce the risk of manipulation and fraud of such a mechanism to contain a high degree of secrecy and confidentiality.
Saleh revealed other actions related to development operations auction bonds and encourage the central bank transfers, open market operations, emphasizing the depth of its impact on liquidity and an orderly growth in the masses of cash.
200100. He explained that the sales in the auction, one rose to 200 billion Iraqi dinars for each auction, after it was 100 billion dinars for each auction before.
He also called for in the same context for a fiscal policy consistent with the Central Bank's monetary policy, leading to economic stability based on encouraging investment spending and reduce consumer spending, which should help in the operation of their idle capacity in the economy, whether material or human, as well as the fight against poverty and care for the poor within the system of social protection, stressing the need to focus consumer spending on these sectors, which requires re-consideration of the support activities that must be given priority by the production sector, but not at the expense of fact, service and health and education
http://www.kululiraq.com/modules.php?name=News&file=article&sid=27752
http://translate.google.com/translate?hl=es&sl=ar&tl=en&u=http://www.kululiraq.com/modules.php?name%3DNews%26file%3Darticle%26sid%3D27752
ECONOMIC: TOWARDS THE MODERNIZATION OF THE CENTRAL BANK OF IRAQ
Expect an expert in the Iraqi Central Bank get a positive effect for the foreseeable future in the monetary policy of the bank, to combat inflation by raising the Iraqi dinar exchange rate by using monetary tools available, and up to contain inflation pressures generated by the total expenditure
The Director-General of the Center for Statistics and Research in the Iraqi Central Bank, the appearance of Mohammed Saleh, the Bank seeks in the context of reforms to establish an infrastructure of central banking in Iraq, is more modern and appropriate for future developments in the Iraqi banking climate, by strengthening the payment systems that link the bank Central banks operating through an automated system, adding that this mechanism works to enable the central bank from lending banks a day, when exposed to some of the problems of liquidity, as well as reduce the risk of manipulation and fraud of such a mechanism to contain a high degree of secrecy and confidentiality.
Saleh revealed other actions related to development operations auction bonds and encourage the central bank transfers, open market operations, emphasizing the depth of its impact on liquidity and an orderly growth in the masses of cash.
200100. He explained that the sales in the auction, one rose to 200 billion Iraqi dinars for each auction, after it was 100 billion dinars for each auction before.
He also called for in the same context for a fiscal policy consistent with the Central Bank's monetary policy, leading to economic stability based on encouraging investment spending and reduce consumer spending, which should help in the operation of their idle capacity in the economy, whether material or human, as well as the fight against poverty and care for the poor within the system of social protection, stressing the need to focus consumer spending on these sectors, which requires re-consideration of the support activities that must be given priority by the production sector, but not at the expense of fact, service and health and education
http://www.kululiraq.com/modules.php?name=News&file=article&sid=27752
http://translate.google.com/translate?hl=es&sl=ar&tl=en&u=http://www.kululiraq.com/modules.php?name%3DNews%26file%3Darticle%26sid%3D27752
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